Welcome Stockaholics to the trading week of May 1st! This past week saw the following moves in the S&P: Major Indices End of Week: Bird's Eye view of the Major Futures Markets on Friday: Economic Calendar for the Week Ahead: Sector Performance WTD, MTD, YTD: What to Watch in the Week Ahead: Monday Earnings: Diamond Offshore, Tenneco, CMS Energy, General Growth Properties, Advanced Micro, Cabot, Chemours, Agrium, Tenet Healthcare, Texas Roadhouse, Noble Energy, CNA Financial 8:30 a.m. Personal income 8:30 a.m. Consumer spending 9:45 a.m. Manufacturing PMI 10:00 a.m. ISM manufacturing 10:00 a.m. Construction spending Tuesday Earnings: Apple, Aetna, Archer-Daniels Midland, Merck, Pfizer, CVS Health, BP, MasterCard, Altria, ConocoPhillips, WebMD, Weight Watchers, FireEye , Devon Energy, Etsy, Gilead Sciences, Newfield Exploration, Anadarko Petroleum, Cummins, Coach, Mosaic, Allstate, Becton Dickinson, Eaton, Lumber Liquidators April vehicle sales Two-day Fed meeting begins Wednesday Earnings: Facebook, Time Warner, Volkswagen, AIG, Kraft Heinz, MetLife, Tesla Motors, Avis Budget, Tableau Software, Pioneer Natural Resources, Yamana Gold, Estee Lauder, Southern Co, Garmin, Sprint, Wellcare Health, Molson Coors Brewing, Humana, Cheesecake Factory, Fitbit, MetLife, Groupon 8:15 a.m. ADP payrolls 9:45 a.m. Services PMI 10:00 a.m. ISM non-manufacturing 2:00 p.m. Fed decision Thursday Earnings: A-B InBev, Occidental Petroleum, Royal Dutch Shell, Adidas, Kellogg, Viacom, Beazer Homes, AMC Networks, Siemens, Dunkin Brands, Chesapeake Energy, Marathon Oil, Allscripts Healthcare, El Pollo Loco, Shake Shack, PerkinElmer, Zynga, Zillow, Wageworks, DeVry Education, CBS, Activision Blizzard, Herbalife 8:30 a.m. Jobless claims 8:30 a.m. Trade deficit 8:30 a.m. Productivity 8:30 a.m. Unit labor costs 10:00 a.m. Factory orders Friday Earnings: TransCanada, Cognizant Tech, Moody's, Cigna, CenterPoint 8:30 a.m. Nonfarm payrolls 3:00 p.m. Consumer credit 11:30 Fed Vice Chairman Stanley Fischer at Hoover Institution Monetary Policy Conference 12:45 a.m. San Francisco Fed President John Williams 1:30 p.m. Chicago Fed President Charles Evans, Boston Fed President Eric Rosengren, St. Louis Fed President James Bullard on panel at Hoover Institution 1:30 p.m. Fed Chair Janet Yellen in webcast from Brown University at event on 125 Years of Women at Brown
Stocks Have Best Week Of The Year As Economy Grinds To A Halt Yeah, this happened... And so did this... So this... April was a volatile month in markets - bonds, bullion, and stocks higher; crude, copper, and base commodities all tumbled US Equities up for 5th of last 6 months (highest monthly close ever) S&P Tech Sector up 5 months in a row - longest streak since Aug 2014 (record monthly close) S&P Energy Sector down 4th month in a row (lowest monthly close since July) Treasury Yields fell for the 3rd of the last 4 months (lowest monthly close in yields since October) WTI fell for 2nd month in a row (lowest monthly close since August) Copper down for 3rd month in a row - longest losing streak since Oct 2015 (lowest monthly close since December) Dollar Index fell for 3rd of last 4 months (lowest monthly close sine October) GBPUSD has risen for 6 of the last 7 weeks (and April was GBP's best month since April 2015) Gold was up for the 4th month in a row - longest winning streak since Aug 2012 (highest monthly close since October) Bonds, Bullion, and Stocks all rose around 1.25% on the month, but Banks were down in April (and March) for the worst 2-month drop since Feb 2016. Tech led the month, Energy lagged... Dollar Index fell for the 2nd month in a row (3rd of 4) erasing most of the gains post-Trump * * * It was a tough week for 'soft' data and reality-checks - who do you trust to forecast reality? But stocks were all higher (apart from Trannies)...The best week of the year for The Dow!!! But it ended on a weak note... Small Caps were hit hard today as "Most Shorted" stocks' squeeze seemed to end... Utes were the only sector red on the week, Healthcare and Tech led (with Financials solid post-Macron)... Breadth has remained weak in this entire recent surge... Volume has been abysmal the last two days (lowest of the year) VIX was crushed this week - by the most since the post-Trump-election - but dsid bounce back a little today... Finally today was all about the Nasdaq... except all that hope faded fast as it clung to unch. Small Caps and Trannies were hit hard... The Good (AMZN), The Bad (MSFT), and The Ugly (INTC) in Nasdaq-land today... Notably, bank stocks have slumped since Trump unveiled his tax plan this week... And pretty clear picture of the safe haven buying after Trump tax plan... Big week for EUR (France elections) and JPY was sold... The Dollar Index scrambled back to unchanged from the Macron-drop but ended the week lower... EURUSD surged on the heels of the Le Pen loss to the highest since Trump's election... Cable has risen for 6 of the last 7 weeks (and April was GBP's best month since April 2015) Treasury yields ended the week higher but below the kneejerk opening yields from Sunday night after the French election relief... 30Y Yields tested 3.00% fives times this week and rallied back each time (30Y ended down 1.5bps today after being up 4bps after GDP... oddly) Gold (and Silver) suffered it's worst week in the last 7 but copper rallied most in 6 weeks...
Spoiler: Weekend Reading: Trumponomics – End Of 100 Days Authord by Lance Roberts via RealInvestmentAdvice.com, On election night, my friend Jessica and I were standing in the studios of Fox News in Houston as the ready to provide “color commentary” as the Presidential election proceeded. The newsroom was highly electric with reporters rushing back and forth grabbing the latest data as it poured in. In between interviews on what a “Trump” election could mean for the country, Jessica and I stood glued to the monitors watching the results as they were reported. While we were both very hopeful that Trump could win the election, but deep down I don’t think we actually believed it. The odds of Trump winning enough of the “swing” states to gain the sufficient number of electoral votes seemed astronomical. Yet, as each of those states began to fall in Trumps favor, a whisper began to spread through the room: “I don’t believe it…he could actually win this thing.” But, as each state did fall to Trump, locking in the electoral votes needed to win, stock market futures went in the same direction. Down 100, 200, 500, 700 points, as panic of a Trump victory swept through the markets. It was going to be a brutal opening on Wednesday morning. But then, just as if someone had flipped a switch, it all changed. The “guy,” whom if elected would crash the markets and the economy, was suddenly the “long awaited Saviour.” As the markets opened the next day, optimism surged on hopes “Trumponomics” would repair the ills which had plagued the economy for the last eight-years. The chart below shows the surge. Well, here we are 100-days later, with the markets near all-time highs as investors continue to “hope” for the promised reforms. Yet, they remain absent as the challenge to pass reforms came from an unexpected source. It was thought the “real fight” would be between the Republican and Democratic factions of both Congress and Senate. However, it turned out the fight would be between the Republicans themselves leaving the Democrats sitting on the sidelines “eating popcorn and enjoying the show.” At each turn the “Trump” administration has run into difficulties in taking action on campaign promises. Rising tensions with Canada and Mexico have led to a reconsideration of withdrawing from NAFTA, global pressures have led to a reconsideration of withdrawing from TPP and the Paris Climate Accord. The “Affordable Care Act,” which was to be repealed, has now shifted into a “replacement” and leaves a bulk of the ACA intact along with the very aspects that continues to inflate health care costs. Tax reform remains a distant promise, along with infrastructure spending and the boarder wall, as the debt ceiling looms and opposition pressure mounts. At the same time, while optimism has surged, the hard economic data has continued to remain weak with the Atlanta Fed ratcheting down the first quarters GDP growth to just 0.2%. As discussed yesterday, there is a rising belief this time is different. Yet, the optimism for continued growth in asset prices is based upon the “forward estimates of rising earnings” based on tax cuts which will directly boost earnings per share. But what happens if it doesn’t come? First, this isn’t the 1980’s, the last time tax reform was passed, with low valuations, high inflation and interest rates and much stronger economic growth to start with. Therefore, the impact of tax cuts will likely be far less than expected. Secondly, tax reform is likely going to be the single most difficult challenge of this Administration as “partisan politics” come into play. Ultimately, tax reform could be far different, and much less robust, than currently anticipated. So, here we are at the end of the first 100-days, with little progress being made toward the things that count the most with investors. With asset prices currently priced for perfection, the real risk is that of “disappointment.” It will likely pay to “err to the side of caution” for now as the risk is clearly tilted against reward for now. In the meantime, here is what I am reading this weekend. Trump Tax Plan – Everything You Need To Know Dems Issue Shutdown Threat Over ACA Vote by Mike Lillis via The Hill Trumps Latest Tax Plan Details by Tyler Durden via ZeroHedge $5.5 Trillion – The Cost Of Trump Tax Plan by Committee For A Responsible Federal Budget Tax Lessons For Donald Trump by David Stockman via Daily Reckoning Bond Vigilantes Lie In Wait For Trump Tax Planby Liz McCormick via Bloomberg Trump Moves Toward The Center by Edward Harrison via Credit Writedowns Millennials Finally Get Their Tax Cut by IBD Good & Bad News About Trump’s Tax Plan by Charles Gasparino via New York Post Trump’s Tax Cut: A Supply Side Shot In The Arm by IBD History Doesn’t Bode Well For Tax Reform by Steve Goldstein via MarketWatch Tax Plan Would Blow Up The Deficit by Rob Garver via Fiscal Times Art Laffer’s Theory Of Tax Cuts Comes Alive by Peter Baker via NYT Why Are Republicans Making Tax Reform So Hard by Steve Forbes via Forbes Market Skepticism Growth About Tax Reforms by Joe Calhoun via Alhambra Partners Markets The Downside Of Managing Risk by Daniel Needham via MorningStar Fair Value Of S&P 500 Is 50% Lower by Rosa & Mast via Finanz und Wirtschaft The Chart That Floats Overvaluation by Macroman via Global Macro Monitor Ode To Investors: Super Size Me by Danielle DiMartino-Booth via Money Strong Low VIX Signals More Gains by Michael Kahn via Barron’s No Looking Back For Passive by David Keohane via FT Alphaville Be Careful What You Wish For by Erik Swarts via Market Anthropology Psychology Behind When To Sell A Bull Market by Dr. Richard Peterson via HedgEye Bond Market Not Sharing Stocks Enthusiasm by Mark Gilbert via Bloomberg Who Is Right – Stocks Or Bonds via Peter Atwater via HedgEye A Rising Central Bank Tide Makes Everyone A Genius by Charles Hugh Smith via Of Two Minds Research / Interesting Reads Atlanta Fed GDPNow Forecasts Heads Toward Zero by Wolf Richter via Wolf Street Fannie Offers “Innovative Solutions” For Millennials by Aleksandrs Rozens via Fannie Mae It’s A Nominal World After All by Caroline Baum via MarketWatch The Student Loan Implosion by Ironman via Political Calculations Bullish Case For Oil Is Fading Fast by Nick Cunningham via OilPrice.com America’s Middle Class Is Shinking by Quentin Fottrell via MarketWatch Can You Afford To Retire Now? by Robert Powell via USA Today Inconvenient Truths About The Trade Deficit by Martin Feldstein via Project Syndicate Question: What Will The Stock Market Do Tomorrow by Allison Schrager via Quartz What If Bogle Is Right About 4% Returns by Mitch Tuchman via MarketWatch “ETF’s Are Weapons Of Mass Destruction” Warns FPA by Tyler Durden via ZeroHedge Buy American/Hire American Is Cruel To Workers by John Tamny via RCM Valuations Signal High Risk, Weak Prospective Returns by John Hussman via Hussman Funds Volatility Expectations Plunge Following French Election by Dana Lyons via Tumblr How The Passive Indexing Mania Went Awry by Jesse Felder via The Felder Report “Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, ‘Margin of Safety.’” – Benjamin Graham
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017- S&P sectors for the week- Here are where the major indices stand since the Nov. 8th Presidential Election and Inauguration Day as of President Trump's 100 days in office-
May’s First Trading Day Historically Bullish Next Monday, the first trading day of May has a bullish history over the past 22-years and could provide a catalyst for the market to rebound to new all-time highs again. DJIA, S&P 500 and NASDAQ have all averaged 0.5% or better on the day up twice as often as down (or better). Russell 2000 is slightly weaker with an average gain of 0.41% with five of its seven declines occurring in the last eight years. In addition, for the last three weeks, Friday (or the last trading day of the week) has been an opportunity for new long positions as the last three Mondays have been positive, the last two, decisively so. Strong Breadth Fends Off Sell In May Well, patience with our Best Six Months Seasonal MACD Sell Signal has sure proved to be a virtue thus far. Both MACD indicators for both the S&P 500 and DJIA went negative in early March and did not all turn positive until the past Monday’s big gains. Now we are getting some bullish confirmation from market breadth. The cumulative Advance/Declines in several major market indices are trending higher and on the brink of more new highs. In the chart below you can see that the NYSE Composite A/D Line – the broadest of the bunch and most widely tracked – is already at a new high. In the top pane we show the four major averages: Russell 2000, NASDAQ Composite, S&P 500 and DJIA. In the lower panes are the A/D Lines for S&P, R2K, NASDAQ and NYSE. DJIA only has 30 stocks so the A/D is rather choppy and less instructive. When A/D Lines move inversely to their related index or average that is usually an indication that the benchmark is about to change course as the bulk of its constituents are moving in a different direction. However, despite all the worrisome talk out there and the Sell in May saber rattling, underlying strength is improving though there still is some work to be done. Since the current rally began just before the election back in early November, market breadth has been supportive. Even during the March to mid-April pullback and consolidation the A/D Line followed along. Now the other A/D Lines are trending higher and about to confirm the new highs on NASDAQ and R2K with new highs of their own. May Historically a Solid Month in Post-Election Years May has been a tricky month over the years, a well-deserved reputation following the May 6, 2010 “flash crash”. It used to be part of what we called the “May/June disaster area.” From 1965 to 1984 the S&P 500 was down during May fifteen out of twenty times. Then from 1985 through 1997 May was the best month, gaining ground every single year (13 straight gains) on the S&P, up 3.3% on average with the DJIA falling once and two NASDAQ losses. In the years since 1997, May’s performance has been erratic; DJIA up nine times in the past nineteen years (three of the years had gains in excess of 4%). NASDAQ suffered five May losses in a row from 1998-2001, down – 11.9% in 2000, followed by ten sizable gains in excess of 2.5% and four losses, the worst of which was 8.3% in 2010. Post-election-year Mays rank at or near the top. May is the top performing NASDAQ and Russell 2000 month in post-election years. The Russell 2000 has been up 9 straight with gains averaging a whopping 4.6%. DJIA and S&P 500 (since 1953) have been nearly as strong, with May ranking 4th and 3rdrespectively. May begins the “Worst Six Months” for the DJIA and S&P. To wit: “Sell in May and go away.” Our “Best Six Months Switching Strategy,” created in 1986, proves that there is merit to this old trader’s tale. A hypothetical $10,000 investment in the DJIA compounded to $843,577 for November-April in 66 years compared to $319 loss for May-October.
Here Comes May; Sell And Go Away? Posted by lplresearch One of the most popular trading axioms is to “sell in May and go away,” as equity returns historically have been relatively poor during the six months from May to October and much better from November through April. Is it true? On the surface, it is. From 1950* until last year, the S&P 500 Index during the May-until-October period was up only 1.4% on average, while it was up an average 7.0% the other six months. Here’s the catch though: Performance during the “worst six months” has still been higher in four of the past five years, and the only drop was a minimal 0.3% decline in 2015. The average jump from May until October during the past five years has been a rather respectable 4.1%, and this isn’t even mentioning the S&P 500 in May has been higher during seven of the past 10 years. Of course, the average return in May over the past decade has been flat due to the 8.2% drop in 2010 and the Flash Crash. Per Ryan Detrick, Senior Market Strategist, “We all know about the old adage “sell in May,” and performance justifies it to an extent, but it isn’t perfect. Had you sold in the beginning of May over the past five years and not reinvested until October, you left significant profits on the table. What stands out more are the summer months that followed, which tended to be much more volatile – who could forget Brexit last June or the China-currency-induced August 2015 correction? So be on the lookout for spikes in volatility during the next few months, but with the U.S. economy on firm footing, we’d use weakness to add to positions.” The chart below shows the average daily performance over the past 10 years and all post-election years since 1950. Peaks sometime in May have been common and a choppy range has tended to persist until the standard year-end rally. We will take a much closer look at “Sell in May” in next week’s Weekly Economic Commentary and future blog posts. Nasdaq 6,000: Now What? Posted by lplresearch It was 17 years in the making, but the Nasdaq Composite finally closed above the next 1,000 point milestone level of 6,000. Considering it first closed above the 5,000 level on March 9, 2000, this equates to an annualized price return of 1.0%. In comparison, the record move from 3,000 to 4,000 took less than two months—equal to an annualized return of 555.8%. Many have said tech is in a bubble currently, but a 1% annualized gain for 17 years isn’t what we’d call asset soaring and in a bubble. Is the Nasdaq really at a record though? Looking at nominal prices, it sure is. But what if we factored in inflation (real prices)? Doing this suggests the all-time record closing price is really 7,196.56 (using March Consumer Price Index data), not the 5048.62 it closed at on March 10, 2000. So in one respect, it’s still another 19.4% away from a “real” all-time high—yet another reason to suggest tech isn’t in a bubble. The Nasdaq is considered to be a technology-heavy index, but technology actually comprises less than half of the index’s total market value. A purer look at where the technology sector stands relative to historical highs is better seen in the Dow Jones U.S. Technology Index, which is still 8.0% away from its highs set in March 2000. Here’s the catch: A real breakout just took place for tech. However, per Ryan Detrick, Senior Market Strategist, “Tech might feel like a darling sector now, but on a bigger picture view it is important to remember this group lagged for years. One of our favorite charts shows the Dow Jones Technology Index relative to the S&P 500 completing a 17-year saucer bottom* formation, which suggests the tech rally could only be just beginning.” Vive La Breakout: France Breaks Through; Will Broader Europe Follow? Posted by lplresearch European equities had a huge day yesterday, as the French election eased fears over anti-euro concerns. How historic was the day? The Paris CAC 40 Index gained 4.1% for its first >4% gain since August 2015. The Euro STOXX 50 Index gained 4.0% for its best daily gain since August 2015. The S&P 500 Index gained more than 1% for the first time since March 1, 2017, and it was only its second 1% gain this year. Volatility imploded, as the CBOE Volatility Index (VIX) sank 25.9% for its largest one-day drop since August 2011. Going back to 1990, this was the fourth-largest one-day percentage drop ever. We took a technical look at European markets in early December and noted things were looking potentially bullish. After yesterday’s big gains, markets continue to advance. In fact, most European markets are now outpacing U.S. markets year to date. Per Ryan Detrick, Senior Market Strategist, “One chart that could bode well for European markets, and likely for global markets in general, is the Paris CAC 40. It didn’t just break a bearish trendline going back 17 years yesterday; it blew the doors off the trendline. This is a picture-perfect breakout and one that should bode well for future gains.” What about European equities in general? The London FTSE Index breakout earlier this year and Paris CAC 40 breakout are both major positives, but the Euro STOXX 50 still has a little work to do before it breaks out. This trendline won’t go down without a fight, but should the Euro STOXX 50 move above the trendline, it could be an even better sign for continued European strength. We are only focusing on technicals here, and that is just part of the story. For more on our thoughts on Europe, be sure to read this week’s Weekly Market Commentary: Europe Enters The Tour De France.
Stock Market Analysis for Week Ending 4.28.17 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 4.23.17 - Major Key Levels for Next Week's Trade Video from ShadowTrader Peter Reznicek
Stockaholics come join us in our weekly market poll and vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (5/1-5/5) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking challenge now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (5/1-5/5) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (5/1) <-- click there to cast your daily vote & stock pick for Monday! Lastly, we have the monthly market poll & monthly stock picking challenge threads now open as well!- First the monthly market sentiment poll for May- Monthly SPX Poll - May 2017 Sentiment <-- click there to cast your monthly vote for May! And here is the monthly stock picking challenge for May- Stockaholics May 2017 Stock Picking Contest <-- click there to post your monthly picks for May! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 5.1.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.1.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.2.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.2.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.3.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.3.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.4.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.4.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.5.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.5.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
Thx @OldFart! You da man. Gonna be a pretty busy week for economic events too. Here is a look at the global economic & policy calendar in this upcoming week ahead:
...and as promised here is EW's most anticipated earnings calendar for this upcoming week ahead: It's another crazy busy one! ($AMD $AAPL $FB $TSLA $SHOP $OCLR $GILD $CHK $S $PFE $AAOI $CVS $MA $ATVI $TWLO $BP $GRPN $FEYE $SQ $NRZ) Advanced Micro Devices, Inc. $13.30 Advanced Micro Devices, Inc. (AMD) is confirmed to report earnings at approximately 4:15 PM ET on Monday, May 1, 2017. The consensus estimate is for a loss of $0.04 per share on revenue of $982.55 million and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat The company's guidance was for revenue of $951.00 million. Consensus estimates are for year-over-year earnings growth of 71.43% with revenue increasing by 18.09%. Short interest has increased by 34.7% since the company's last earnings release while the stock has drifted higher by 22.0% from its open following the earnings release to be 34.3% above its 200 day moving average of $9.91. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 19, 2017 there was some notable buying of 6,340 contracts of the $17.00 call expiring on Friday, January 18, 2019. Option traders are pricing in a 11.0% move on earnings and the stock has averaged a 16.0% move in recent quarters. Apple, Inc. $143.65 Apple, Inc. (AAPL) is confirmed to report earnings at approximately 4:30 PM ET on Tuesday, May 2, 2017. The consensus earnings estimate is $2.01 per share on revenue of $52.61 billion and the Earnings Whisper ® number is $2.07 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of $1.86 to $2.05 per share. Consensus estimates are for year-over-year earnings growth of 5.79% with revenue increasing by 4.06%. Short interest has increased by 3.0% since the company's last earnings release while the stock has drifted higher by 13.1% from its open following the earnings release to be 19.4% above its 200 day moving average of $120.34. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 20, 2017 there was some notable buying of 12,922 contracts of the $150.00 call expiring on Friday, August 18, 2017. Option traders are pricing in a 3.5% move on earnings and the stock has averaged a 5.3% move in recent quarters. Facebook Inc. $150.25 Facebook Inc. (FB) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, May 3, 2017. The consensus earnings estimate is $1.12 per share on revenue of $7.85 billion and the Earnings Whisper ® number is $1.21 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 49.33% with revenue increasing by 45.86%. Short interest has decreased by 6.4% since the company's last earnings release while the stock has drifted higher by 12.8% from its open following the earnings release to be 17.2% above its 200 day moving average of $128.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 18, 2017 there was some notable buying of 33,230 contracts of the $135.00 put and 32,252 contracts of the $135.00 call expiring on Friday, May 19, 2017. Option traders are pricing in a 4.4% move on earnings and the stock has averaged a 6.0% move in recent quarters. Tesla, Inc. $314.07 Tesla, Inc. (TSLA) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, May 3, 2017. The consensus estimate is for a loss of $0.67 per share on revenue of $2.52 billion and the Earnings Whisper ® number is ($0.91) per share. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.84% with revenue increasing by 119.69%. Short interest has decreased by 8.1% since the company's last earnings release while the stock has drifted higher by 19.0% from its open following the earnings release to be 37.0% above its 200 day moving average of $229.22. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 25, 2017 there was some notable buying of 2,788 contracts of the $305.00 call expiring on Friday, May 5, 2017. Option traders are pricing in a 5.9% move on earnings and the stock has averaged a 5.1% move in recent quarters. Shopify Inc. $75.95 Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 2, 2017. The consensus estimate is for a loss of $0.09 per share on revenue of $121.72 million and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat The company's guidance was for revenue of $120.00 million to $122.00 million. Consensus estimates are for year-over-year earnings growth of 18.18% with revenue increasing by 67.38%. Short interest has increased by 63.5% since the company's last earnings release while the stock has drifted higher by 38.4% from its open following the earnings release to be 55.6% above its 200 day moving average of $48.80. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 21, 2017 there was some notable buying of 1,737 contracts of the $75.00 put expiring on Friday, July 21, 2017. The stock has averaged a 6.4% move on earnings in recent quarters. Oclaro, Inc. $8.01 Oclaro, Inc. (OCLR) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 2, 2017. The consensus earnings estimate is $0.20 per share on revenue of $160.56 million and the Earnings Whisper ® number is $0.21 per share. Investor sentiment going into the company's earnings release has 87% expecting an earnings beat The company's guidance was for revenue of $156.00 million to $164.00 million. Consensus estimates are for year-over-year earnings growth of 1,900.00% with revenue increasing by 58.89%. Short interest has increased by 138.8% since the company's last earnings release while the stock has drifted lower by 18.4% from its open following the earnings release to be 5.2% below its 200 day moving average of $8.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 28, 2017 there was some notable buying of 5,255 contracts of the $8.00 call expiring on Friday, May 19, 2017. The stock has averaged a 7.2% move on earnings in recent quarters. Gilead Sciences, Inc. $68.55 Gilead Sciences, Inc. (GILD) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, May 2, 2017. The consensus earnings estimate is $2.29 per share on revenue of $6.68 billion and the Earnings Whisper ® number is $2.37 per share. Investor sentiment going into the company's earnings release has 46% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 27.99% with revenue decreasing by 14.29%. Short interest has decreased by 17.3% since the company's last earnings release while the stock has drifted higher by 1.9% from its open following the earnings release to be 7.2% below its 200 day moving average of $73.89. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 26, 2017 there was some notable buying of 2,366 contracts of the $69.00 call expiring on Friday, May 19, 2017. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 5.9% move in recent quarters. Chesapeake Energy Corp. $5.26 Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, May 4, 2017. The consensus earnings estimate is $0.19 per share on revenue of $1.11 billion and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 290.00% with revenue decreasing by 43.16%. Short interest has increased by 21.5% since the company's last earnings release while the stock has drifted lower by 13.3% from its open following the earnings release to be 14.2% below its 200 day moving average of $6.13. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 20, 2017 there was some notable buying of 14,423 contracts of the $5.00 put expiring on Friday, May 19, 2017. Option traders are pricing in a 8.5% move on earnings and the stock has averaged a 5.6% move in recent quarters. Sprint Corporation $9.03 Sprint Corporation (S) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, May 3, 2017. The consensus estimate is for a loss of $0.04 per share on revenue of $7.96 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 71.43% with revenue decreasing by 1.38%. Short interest has decreased by 9.2% since the company's last earnings release while the stock has drifted lower by 1.3% from its open following the earnings release to be 13.7% above its 200 day moving average of $7.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 28, 2017 there was some notable buying of 11,737 contracts of the $11.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 11.1% move on earnings and the stock has averaged a 11.0% move in recent quarters. Pfizer, Inc. $33.92 Pfizer, Inc. (PFE) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, May 2, 2017. The consensus earnings estimate is $0.67 per share on revenue of $13.05 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 0.35%. Short interest has increased by 32.0% since the company's last earnings release while the stock has drifted higher by 9.4% from its open following the earnings release to be 1.0% above its 200 day moving average of $33.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 21, 2017 there was some notable buying of 2,807 contracts of the $34.00 call and 2,675 contracts of the $33.00 put expiring on Friday, December 15, 2017. Option traders are pricing in a 2.2% move on earnings and the stock has averaged a 1.9% move in recent quarters.
I wish they would spread earnings out more. It's hard to play them when they all come out at the same time. A guy only has so much money. I hope this coming week is as good as last week was. Last week was the first week in a few months that I didn't buy or sell an /ES future and it's the first week in months I made money every single day. Lesson? Stop playing the futures, because I suck at them.
It's a new week, new month and a fresh start Stockaholics! Welcome to the trading month of May! This is one of my personal favorite months of the year. This month is notorious for market volatility. There have been some squirrely events occuring around this month over the years. We shall see what May 2017 has in store for us all.
Good morning Stockaholics! Happy first trading day of May. Hope you all had a nice relaxing weekend in here and are ready for the new trading week & month ahead. Here are your pre-market stock movers & news on this Monday morning- 5/1 Monday Market Movers & News: DISH, NWL, DNKN, TWTR, VRX, FIT, LVS, WYNN, WDC, UPS, CAT, GOOGL <-- click there to view! I hope everyone has a very nice trading week & month of May in here! New day fresh start.
Here are some of the companies due to report after the close today: ($AMD $EXEL $AEIS $CC $CGNX $BLDP $HCLP $NBL $IVAC $CYH $THC $TXRH $IDTI $CNXC $CORT $AG $LMNX $SKT $UGI) Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES AFTER THE CLOSE TODAY!
